Approved Trade Source Systems
SwapClear transactions must be submitted to LCH for clearing via an Approved Trade Source System (as defined in the applicable LCH rulebook).
Below is a list of Approved Trade Source Systems for SwapClear:
- Bloomberg LP* (Bloomberg VCON)
- Bloomberg SEF
- Bloomberg Trading Facility Ltd
- TWSEF LLC ( TradeWeb SEF)
- TradeWeb Europe Ltd
- Tera Exchange
Execution Venues and Connectivity
SwapClear is able to receive matched trades from a number of execution venues, including Swap Execution Facilities (SEF), Derivatives Contract Markets (DCM), Multilateral Trading Facility (MTF) or Organized Trading Facility (OTF) . These execution venues may connect via SwapClear's proprietary direct connectivity platform as an Approved Trade Source System, or connect indirectly via a middleware provider that is an Approved Trade Source System, such as MarkitWire or Bloomberg.
See below for list of the venues currently onboarded to SwapClear and their connectivity mode: